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they want debt entitlement -- debt and entitlement restructuring, that's what they voted for and the reason he's doing it now is because none of the democratic senators that were elected, and they did a great job, they really kicked our butts with these senators, none of them, not a one of them ran on increasing taxes on anybody in this kind of recovery. that top 2% are the job creators. they're small businesses. >> he also wants congress to give up that leverage over the debt ceiling because that is also presenting itself as another ugly battle. and you know what, paul begala, it is being said that that is one heck of a piece of boehner leverage. >> well, it is. but i think it's outrageous. i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. i think it would be irresponsible. >> does the president want to go over? we got to listen to all the republicans and the conservative media today are saying president obama wants to go over the fiscal cliff, because then taxes go up across the board. and then it's got to be done
they want debt entitlement -- debt and entitlement restructuring, that's what they voted for and the reason he's doing it now is because none of the democratic senators that were elected, and they did a great job, they really kicked our butts with these senators, none of them, not a one of them ran on increasing taxes on anybody in this kind of recovery. that top 2% are the job creators. they're small businesses. >> he also wants congress to give up that leverage over the debt ceiling...
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Nov 29, 2012
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that is tying the debt ceiling limit to this entire deal. and the white house reacting. >> there is a lot of things i wanted in my life, but almost all of them had a price tag attached to them. if we talk about the debt limit, there will be a price tag associated with it. >> asking for political price be paid, in order for congress to do its job to ensure that the united states of america pays its bills an does not default for the first time in its history is irresponsible. >> that is the leverage. that is why if the republicans in the final hour of the fiscal cliff negotiations say fine, you can have this much re-knew from the cap and deduction and closing loopholes we will budge on the rate. 37.5%. that is not must have none. if it is not tied to debt ceiling increase that would only pass with the aggressive medicare reform they have to have a separate debt ceiling fight in member. where do they find the math for that? republicans won't vote for anything without commensurate spending cut. >> bret: i know i will do this 100 more times. over
that is tying the debt ceiling limit to this entire deal. and the white house reacting. >> there is a lot of things i wanted in my life, but almost all of them had a price tag attached to them. if we talk about the debt limit, there will be a price tag associated with it. >> asking for political price be paid, in order for congress to do its job to ensure that the united states of america pays its bills an does not default for the first time in its history is irresponsible. >>...
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Dec 6, 2012
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the federal debt ceiling early next year. timothy geithner says the administration absolutely it prepared to let the economy go over the fiscal cliff unless the republicans accept higher tax rates on the healthy. and the southern philippines struggled to recover from a typhoon that killed nearly 300 people. and what does a day in the life of public buses, trains and subways look like? the answer is part of our science roundup online. hari sreenivasan has the details. >> sreenivasan: the image resembles a lite-bright time lapse. find those pictures and our conversation with a software developer who set out to visualize the 24-hour cycle of urban public transit systems. that's on our homepage. an international telecommunications conference in dubai aims to set new rules for the internet. what's at stake? we take a look in the rundown. and on making sense, economics correspondent paul solman argues both sides of the capital gains tax debate. all that and more is on our website newshour.pbs.org. judy? >> woodruff: and that's the
the federal debt ceiling early next year. timothy geithner says the administration absolutely it prepared to let the economy go over the fiscal cliff unless the republicans accept higher tax rates on the healthy. and the southern philippines struggled to recover from a typhoon that killed nearly 300 people. and what does a day in the life of public buses, trains and subways look like? the answer is part of our science roundup online. hari sreenivasan has the details. >> sreenivasan: the...
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Dec 1, 2012
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house republicans and president obama need to strike a deal on reducing the national debt. they have soundly rejected a white house offer that included $1.6 trillion in revenue, $400 billion in medicare and other entitlement savings, as well as a permanent increase in the debt limit among other things. so far, the rhetoric has not softened. treasury secretary tim geithner arriving on capitol hill for high level talks, most notably with house speaker john boehner. >> good morning, everyone. >> how did it go? just listen. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious. about real spending cuts. >> a much gloomier assessment from the initial prethanksgiving huddle at the white house. boehner described his meeting with geithner as frank and direct, the same way he described his phone call with the president the night before. and for the past two weeks there has been no substantive progress. >> most public statements have been optimistic, confident, hopeful. we're all sensing a very different tone from you right now.
house republicans and president obama need to strike a deal on reducing the national debt. they have soundly rejected a white house offer that included $1.6 trillion in revenue, $400 billion in medicare and other entitlement savings, as well as a permanent increase in the debt limit among other things. so far, the rhetoric has not softened. treasury secretary tim geithner arriving on capitol hill for high level talks, most notably with house speaker john boehner. >> good morning,...
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Nov 30, 2012
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the president obama would like to ask for a blank check to add as much to the national debt as president obama sees fit. in the meantime, we are expecting to hear from nancy pelosi. each side is speaking out every night and every day. moments ago, speaker of the house john boehner said this. >> the white house spent three weeks trying to develop a proposal. they call for $1.6 trillion in new taxes. calling for not even $400 billion in cuts, and they want to have this extra spending that is actually greater than the amount that we would cut. i mean, it is not a serious proposal. so right now we are almost nowhere. megyn: alan colmes and lars larson are with us now. let's just focus on this debt ceiling. the reason we find ourselves about to go off the fiscal cliff with the automatic spending cuts, in part is because back in 2011, they wanted to raise the debt ceiling and the republicans said you cannot do it unless we do spending cuts. we cannot just do deficit spending. so they agree, they cut this deal, now the democrats are going to the republicans and saying, forget that. let's just i
the president obama would like to ask for a blank check to add as much to the national debt as president obama sees fit. in the meantime, we are expecting to hear from nancy pelosi. each side is speaking out every night and every day. moments ago, speaker of the house john boehner said this. >> the white house spent three weeks trying to develop a proposal. they call for $1.6 trillion in new taxes. calling for not even $400 billion in cuts, and they want to have this extra spending that...
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Dec 3, 2012
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this is clearly a different president obama than the one we saw during the debt ceiling negotiations or even after the midterm elections in 2010 when he felt a little weakened and there was the extension of those bush tax cuts for the wealthy. so i think when you're seeing here is a president who put this on the table, trying to please his base, okay? which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a deal. no, that's not what it was. the white house -- this is alfonse gaston a little bit here. and so they're waiting for the republican response. and what they're really talking about, brooke, is getting some kind of a first step. a down payment. ironically they all know what -- in the big picture needs to be done. they know you have to fix entitlements, do something on the tax side, but they're trying to figure out how to get from here to there. >> and let's just stop the
this is clearly a different president obama than the one we saw during the debt ceiling negotiations or even after the midterm elections in 2010 when he felt a little weakened and there was the extension of those bush tax cuts for the wealthy. so i think when you're seeing here is a president who put this on the table, trying to please his base, okay? which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the...
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Dec 5, 2012
12/12
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president obama is meeting with business leaders again today to talk about the consequences of going over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party leaders to compromise anymore than they think they already have. even though the republican plan offers up $800 billion in new taxes wit
president obama is meeting with business leaders again today to talk about the consequences of going over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again...
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Dec 4, 2012
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reacting negatively to all these issues about the debt ceiling. but we saw what happened after august of 2011 we got downgraded. our debt was downgraded but the interest rates that we pay on our debt has fallen. the stock market has continued to rise. i think if we had that drama again, the treasury department has options. there is a constitutional option. no one believes that the u.s. government is going to default on its debt and stop paying interest on its bond. even if it did things are so bad throughout thest the rest of the world it would not cause people to dump our treasury securities. i don't think there is that much continuing that could be done even if we go down that road again. >> eliot: they have no place else to put their money. are they going to buy greek debt and declare a default? john boehner used that card. it failed, he got egg on his face and we were downgraded. all the negative things that people said would happen didn't happen and in fact just the opposite. but my advise advice would be to put your seat belt and this this i
reacting negatively to all these issues about the debt ceiling. but we saw what happened after august of 2011 we got downgraded. our debt was downgraded but the interest rates that we pay on our debt has fallen. the stock market has continued to rise. i think if we had that drama again, the treasury department has options. there is a constitutional option. no one believes that the u.s. government is going to default on its debt and stop paying interest on its bond. even if it did things are so...
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last one read obama takes a hard line on debt. and the script read that might be news to some people. according to most who are fairly analyzing this. wanted to clarify that because the graphic suggested that was in the post piece which it wasn't. welcome to cable news. >> that was in the comic section. mark? >> i do think the president is taking a hard line on debt. by rolling back the bush era tax cuts, he's suggesting making the tax cuts permanent for 98% of americans, middle class americans. just rolling back the tax cuts for the wealthy he avoids having a trillion dollar added to the national debt. i'll take issue with something tony said saying the president doesn't necessarily have a mandate. the american people voted. there was a contrast of ideas over what we do with our tax code and how we reform our tax code. and at the even of the date president got millions more in the popular vote than romney because americans think by and large their wealthier neighbors and wealthier americans should be paying a fairer share. it's n
last one read obama takes a hard line on debt. and the script read that might be news to some people. according to most who are fairly analyzing this. wanted to clarify that because the graphic suggested that was in the post piece which it wasn't. welcome to cable news. >> that was in the comic section. mark? >> i do think the president is taking a hard line on debt. by rolling back the bush era tax cuts, he's suggesting making the tax cuts permanent for 98% of americans, middle...
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Dec 7, 2012
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president obama or then governor romney. the notion that this country every 12, 14 month is going to have this hostage taking by congress over a debt ceiling is not a way to run, you know, the largest enterprise in the world, the united states government. there's nothing in the constitution that talks about a debt ceiling. this has become kind of in the past a pro forma process that has now turned into a financial armageddon each time it comes about and i do think granting the president these additional rights and then allowing congress with a two-thirds vote to say, hold on here, that might be a more appropriate way regardless of who is the president is. but i don't think yesterday's antics have that much to do with at least the current stage of the boehner/obama discussions. >> let's talk about the current stage. "new york times" saying it's one on one right now with the speaker and the president yet some leading democrats are saying, no, that's not the case. that they are still involved in the process. what do you know ab
president obama or then governor romney. the notion that this country every 12, 14 month is going to have this hostage taking by congress over a debt ceiling is not a way to run, you know, the largest enterprise in the world, the united states government. there's nothing in the constitution that talks about a debt ceiling. this has become kind of in the past a pro forma process that has now turned into a financial armageddon each time it comes about and i do think granting the president these...
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voting overwhelmingly for president obama. california had like 20 points for the obama team. why not ask for the help? we help you, now you help us. it is implicit in the election. megyn: detroit has a jobless rate of 18.9% in october. can you imagine that? the population has plunged by 25% over the last decade. 30,000 homes stand vacant in that city. even if we wanted to bail them out, could you even put a price tag on our? >> no, you could not. they have no money left. they are right on the edge of bankruptcy. megyn: this is a long time coming. this isn't necessarily caused by the wall street meltdown. >> in 1964, it was the most important manufacturing sector in the world. it has been downhill since then. a bailout actually wouldn't really help them. they may be kicking the can for six months, but it essentially doesn't help. megyn: the notion that someone else needs to fix the problem -- somebody other than us needs to fix the problem. the city council of detroit, which is what they have been elected to do. we took a look at a video that was put out by the illinois govern
voting overwhelmingly for president obama. california had like 20 points for the obama team. why not ask for the help? we help you, now you help us. it is implicit in the election. megyn: detroit has a jobless rate of 18.9% in october. can you imagine that? the population has plunged by 25% over the last decade. 30,000 homes stand vacant in that city. even if we wanted to bail them out, could you even put a price tag on our? >> no, you could not. they have no money left. they are right on...
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every central bank in the world is seeking to weaken its currency, monetize its debt. so strong structural arguments why you should buy gold in any currency. >> president obama will continue to press republicans to let tax cuts expire for people make more than $250,000 a year. reports say the president's opening wid in budget talks calls for $1.6 trillion tax increase. that plan whether he had to sharp comments from both sides of the political aisle. >> now is the time for republicans to you've past this happy talk about revenues ill defined of course and put specifics on the table. the president has made his proposal. >> what we don't know is what the white house is willing to do it get serious about solving our debt crisis. >> if more, we're joined by mark zandi, chief economist at moody's analytics who is here in london. welcome. >> thank you. >> so the fiscal cliff issue, end of the year is looming. we saw the response to this opening gambit by president obama. how likely is it that this is the final plan put forward, what elements do you expect to be most critical
every central bank in the world is seeking to weaken its currency, monetize its debt. so strong structural arguments why you should buy gold in any currency. >> president obama will continue to press republicans to let tax cuts expire for people make more than $250,000 a year. reports say the president's opening wid in budget talks calls for $1.6 trillion tax increase. that plan whether he had to sharp comments from both sides of the political aisle. >> now is the time for...
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voted for president obama by 20 point. deeply in debt. to suggest we need help from d.c., maybe that detroit city councilmember opened up the door for a request for a federal bailout. martha: one of the biggest burdens on the municipality have been the deals the public unions have struck for their workers. we have seen it in places where the promises have been made where there i not the money to support. i there any question the administration -- that the president is open to the idea that the president is open to bail out these municipalities? >> there is no mention so far. but you are right to point out the union connect. president obama's reelect heavily supported by municipal unions and it's the pensions promised to municipal union workers, that is what is strangling many of the states that are in such dire straight. illinois and california in particular. will quid pro quo be called in by municipal unions like it has been called in by the municipal councilmember. martha: what happens if they don't get it. what happens if there aren't
voted for president obama by 20 point. deeply in debt. to suggest we need help from d.c., maybe that detroit city councilmember opened up the door for a request for a federal bailout. martha: one of the biggest burdens on the municipality have been the deals the public unions have struck for their workers. we have seen it in places where the promises have been made where there i not the money to support. i there any question the administration -- that the president is open to the idea that the...
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>> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government -- we, the federal government is spending $1 trillion more each year than when obama walked into office. it's that overspending we need to bring down. raising taxes doesn't solve the overspending problem. it feeds it. and, again, we have been through this lucy and the football thing in '82, in '90. we didn't take the advice of the tax increase last year, and we got spending restraint for the debt ceiling. remember, the republican house has a tremendous power over the debt ceiling. so all this stuff about how we have to bend to the emperor's will isn't true. >> all right. grover norquist, thanks very much. we appreciate your taking the time tonight. let's bring in james carville and reihan salam. good to see you. grover norquist is not bending. not yet. >> well, president obama, or as mr. norquist refers to him, obama -- president obama has done something mr. norquist has never done in his life and that's get people to v
>> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government -- we, the federal government is spending $1 trillion more each year than when obama walked into office. it's that overspending we need to bring down. raising taxes doesn't solve the overspending problem. it feeds it. and, again, we have been through this lucy and the football thing in '82, in '90. we didn't take the advice...
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president obama would have to bring in democrats. john boehner would have to bring in his republicans and make sure everyone is on board. this comes on the heels of what has really been radio silence between the white house and house republicans. we found out yesterday, we were told by both sides that the lines of communication are back open on the staff level. i will tell you that's kind of fun funny to anyone here covering all this because normally the lines of communication are always open, but that was news yesterday. >> sad thing. it's all relative. let me ask you about what seemed to be a crazy thing that senator mitch mcconnell was trying to do that ended up backfiring on him pretty badly. >> reporter: some theatrics. the debt ceiling, it's set to be hit in january or february. that's complicating the fiscal cliff discussions. mitch mcconnell yesterday proposed a vote on a measure that would give the president the authority to increase the debt ceiling without congressional input. this is something that the white house has pro
president obama would have to bring in democrats. john boehner would have to bring in his republicans and make sure everyone is on board. this comes on the heels of what has really been radio silence between the white house and house republicans. we found out yesterday, we were told by both sides that the lines of communication are back open on the staff level. i will tell you that's kind of fun funny to anyone here covering all this because normally the lines of communication are always open,...
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president obama said i'm sticking to my guns also. the president is warning the republicans next move will be to use the upcoming vote on the debt ceiling as leverage in the budget battle. let's listen. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history until we did it last year, i will not play that game. >> i will not play that game. >> yes. >> is that something republicans are considering, and if so, i guess how would the white house respond? although i guess we're seeing a little bit of it there. >> i think you clearly see how the president would respond. this is where the question of leverage comes in to play. he came out of the election, he says that he ran on this issue of raising tax rates on wealthy. he believes he is very much the leverage in this negotiation and so you don't see him budging. republicans see the little levers that they have in the debt
president obama said i'm sticking to my guns also. the president is warning the republicans next move will be to use the upcoming vote on the debt ceiling as leverage in the budget battle. let's listen. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history until we did it last year, i will not play that game. >>...
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the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in revenue presented by secretary treasury secretary timothy geithner and stimulus and $400 billion in medicare and other entitlement savings. a permanent increase in the debt limit. >> so, let's get more on the standoff right now. joining us senator bernie sanders of vermont. he caucuses with the democrats. senator, first of all, congratulations on your re-election. thanks for coming in. republicans say, you know what, they'll be flexible, but the democrats have to be flexible, too, especially when it comes to entitlement spending. medicare, medicaid and even reform. are you open to any of that? >> when republicans talk about being flexible, we have not heard one definitive word to what they mean. second of all, our republican friends look up and understand that this issue of the fiscal cliff was debated during the election and, you know what, mitt romney lost. obama won. the american people are very c
the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in revenue presented by secretary treasury secretary timothy geithner and stimulus and $400 billion in medicare and other entitlement savings. a permanent increase in the debt limit. >> so, let's get more on the standoff right now. joining us senator bernie sanders of vermont. he caucuses with the democrats. senator, first of all,...
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in the debt ceiling negotiations. last time around. they are clearly signals that they have the stronger hand. and they are not -- it doesn't even seem like they are getting to a room. >> yeah. >> bret: to negotiate. >> they feel like they have the stronger hand because he won re-election an every pole shows most americans are fine with the tax rates going up on people making more than $250,000. so they feel like they have that on their side. what they also have on their side the president you can't forget did give in on this issue twice. in the last time he gave in on it he said never again. so that is what is hanging over him. he has his base looking at him saying you gave in on this two times. it's now time to live up to your word. so he is kind of boxed in, in a way politically as well that he has to give this. i agree with charles. you can get the money a different way. i don't think they are going to compromise on that. >> bret: is the base just looking for the scalp of the rates, instead of the money? >> yes. >
in the debt ceiling negotiations. last time around. they are clearly signals that they have the stronger hand. and they are not -- it doesn't even seem like they are getting to a room. >> yeah. >> bret: to negotiate. >> they feel like they have the stronger hand because he won re-election an every pole shows most americans are fine with the tax rates going up on people making more than $250,000. so they feel like they have that on their side. what they also have on their side...
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little to resolve the 2010 debt ceiling crisis. but when mr. obama later skipped congressional meetings and campaigned to extend the 2% payroll tax cut and maintain lower student loan interest rates, he won. the president is primarily focused on step one of this process-- winning the middle class tax cut debate. step two is being led by his treasury secretary jim geithner and liaison rob nabors. they are going to work with congress on spending cut and other fiscal cliff details. the first meeting will be tomorrow on the hill. >> pelley: major, president said today he thought all this could be done by christmas. why does he think so? >> reporter: because that is the big takeaway, scott, from the president's conversation on saturday with house speaker john boehner. the two agreed it was in foeryone's best interest to get a fiscal cliff deal sooner rather than later, both agreed to aim for one before christmas, but they also acknowledged, scott, it will be very difficult to achieve that. >> pelley: thank you, major. will the president
little to resolve the 2010 debt ceiling crisis. but when mr. obama later skipped congressional meetings and campaigned to extend the 2% payroll tax cut and maintain lower student loan interest rates, he won. the president is primarily focused on step one of this process-- winning the middle class tax cut debate. step two is being led by his treasury secretary jim geithner and liaison rob nabors. they are going to work with congress on spending cut and other fiscal cliff details. the first...
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debt. they were elected to stop the explosive growth of government. the republicans were elected and sent to washington to fight for limited government, balanced budgets, and of course, greater liberty for all the american people. at this moment it seems like they are only offering a democratic light version for america. maybe they need to learn a thing or two from president obama. maybe they need to show a willingness to go over the so-called fiscal cliff. now, if the president really wants to take the country there, maybe they need to let him go there. here's the bottom line. what are we hearing from the white house? we're hearing the president will not negotiate unless taxes are raised on job creators, and we're hearing that the president now wants to seize control of the debt ceiling from congress. well, that means rather than needing the approval of the house was the senate to raise the nation's spending limit, president barack obama wants to do this all by his lonesome, a blank check.
debt. they were elected to stop the explosive growth of government. the republicans were elected and sent to washington to fight for limited government, balanced budgets, and of course, greater liberty for all the american people. at this moment it seems like they are only offering a democratic light version for america. maybe they need to learn a thing or two from president obama. maybe they need to show a willingness to go over the so-called fiscal cliff. now, if the president really wants to...
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. >> but he wants to raise the debt ceiling. >> that is part of the leverage that republicans have -- >> the best leverage if they have. >> obama thinks he has all the cards, he thinks he is napoleon, or perhaps lbj after his landslide. obama won this election by three points. 95% of republicans in the house won by a larger margin. he has a mandate, they have a mandate, and they have offered to raise revenues, which is to raise taxes. what obama is after is one mark indicates -- he wants to make a political point that republicans are the party of the millionaires. if you look at it as it will attempt to fix our issues, if you do it the taxes he wants, racing on the top 2%, it brings in 8 cents on the dollar, and what it means is that the deficit will go from $1.10 trillion to $1.02 trillion. that is his solution to our fiscal problem. . >> i will point out numbers, arithmetic. the republicans lost the house race, lost the majority of americans voting and a house. they lost two seats in the senate. mitt romney got 47% of the popular vote. that, ladies and gentlemen, is a devastating de
. >> but he wants to raise the debt ceiling. >> that is part of the leverage that republicans have -- >> the best leverage if they have. >> obama thinks he has all the cards, he thinks he is napoleon, or perhaps lbj after his landslide. obama won this election by three points. 95% of republicans in the house won by a larger margin. he has a mandate, they have a mandate, and they have offered to raise revenues, which is to raise taxes. what obama is after is one mark...
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obama let the nation fall off the fiscal cliff. >> republicans need to acknowledge reality here. rates have to go up. earlier in the presidency, obama warneded it could hurt the economy. >> the nation is no longer in recession. and american manufacturing contracted in november for the first time in three months. the president is concerned enough that he proposed tens of billions in new stimulus spending in the debt talks. >> what is the justification for raising taxes? >> the fact of the matter is that it's vitally important that we extent and the president's view make permanent tax cuts for 98% of the american people. >> the president would like to see it done tomorrow and would sign it right away. >> they will put for ending deduction and closing loopholes. >> republicans move a great deal. who was the first person after the election was the speaker who went down and provided the re-knew. >> they blasted the proposal to limit deductions to tell bloomberg television it's unrealistic. >> that means every hospital and university and non-for profit, the agency. across the country w
obama let the nation fall off the fiscal cliff. >> republicans need to acknowledge reality here. rates have to go up. earlier in the presidency, obama warneded it could hurt the economy. >> the nation is no longer in recession. and american manufacturing contracted in november for the first time in three months. the president is concerned enough that he proposed tens of billions in new stimulus spending in the debt talks. >> what is the justification for raising taxes?...
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Dec 6, 2012
12/12
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yesterday at a business roundtable of ceos, president obama took a hard line warning opponents not to consider the strategy. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which by the way we have never done in our history until we did it last year, i will not play that game. >> senator tom coburn yesterday on "morning joe" became the latest to break ranks saying he could support president obama's tax proposal. he joins a growing group of people urging house leadership to clear the way for a broad deal that would include tax increases on the wealthy. however, according to "the new york times," speaker boehner is enjoying broad support from within his own caucus. and yesterday boehner stuck to his guns favoring closing tax loopholes and capping deductions to raising taxes. >> now the revenues we're putting on the table are going to come from guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their mone
yesterday at a business roundtable of ceos, president obama took a hard line warning opponents not to consider the strategy. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which by the way we have never done in our history until we did it last year, i will not play that game. >> senator tom coburn yesterday on "morning joe" became the latest to...
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Dec 6, 2012
12/12
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stuff on the debt ceiling irritated him. he demanded he had unilateral control -- >> eternity. >> it was a huge overreach. something they could point to. that said the president is going beyond what he campaigned on. in terms of the result, republicans said to me it's hard to envision ultimate scenario in which tax rates for the top bracket don't go up. >> bret: constitutionally, judge, the debt ceiling and that limit, that vote, has to -- >> it those be a vote. a vote by the congress since they began borrowing money in the wilson administration. no president argued or triggered borrowing money without approval from the congress. a statute. if the president attempted to borrow money, any member of congress can go to a federal judge and get them enjoyed in an hour. >> bret: do you think it should be part of the negotiation? part of the republicans' leverage? >> you are talking to somebody who believes that the government should not borrow any money under any circumstances unless it were necessary to preserve the republic; suc
stuff on the debt ceiling irritated him. he demanded he had unilateral control -- >> eternity. >> it was a huge overreach. something they could point to. that said the president is going beyond what he campaigned on. in terms of the result, republicans said to me it's hard to envision ultimate scenario in which tax rates for the top bracket don't go up. >> bret: constitutionally, judge, the debt ceiling and that limit, that vote, has to -- >> it those be a vote. a vote...
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is beyond reform you can't reform that federal government whether it's the republicans in charge or obama basically the republicans are just as bad as far as we're concerned they're corrupt and are out of touch in southern former confederate states like north carolina culture and social issues play a big role for those like harold cruz who believes the us is too big and thus destined to fail north carolina and the south in general. were different country already and the united states we simply need our own government we have different values different belief systems critics have dismissed secessionists as disgruntled voters angry over president obama's second term however in this you thousand a presidential election obama became the first democrat in more than thirty years to win north carolina a red state turned blue with the promise of change four years later tens of thousands of voters in the very same state believe they'd be better off on their own us to the average american the things they believe in they're tired of the endless wars and here we are talking about invading iran now i
is beyond reform you can't reform that federal government whether it's the republicans in charge or obama basically the republicans are just as bad as far as we're concerned they're corrupt and are out of touch in southern former confederate states like north carolina culture and social issues play a big role for those like harold cruz who believes the us is too big and thus destined to fail north carolina and the south in general. were different country already and the united states we simply...
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Dec 1, 2012
12/12
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. >> do you support obama having the power to increase the debt limit? >> can you clarify something? when he talk about trillions of dollars in cuts [indiscernible] >> in the budget control act, it calls for over $1 trillion $1 trillion in cuts. >> the president opposed to propose of wedlock in a certain amount for entitlement programs. do democrats support that? >> first of all, we do democrats, saw savings in medicare of over $700 billion and affordable care act. we use that money to strengthen medicare and extend its life for almost a decade and to increase benefits for seniors now. is there more opportunity for that? yes. but not at the expense of an official years. there have been all kinds of -- but not at the expense of beneficiaries. >> st. mary's hospital is a catholic institution in san francisco. should they be required to adjust to this new health plan? >> the compromise is a reasonable one. >> madam leader? >> yes. >> would you support that if it is part of the package? >> i want the middle class to get a break. i would hope we could get the
. >> do you support obama having the power to increase the debt limit? >> can you clarify something? when he talk about trillions of dollars in cuts [indiscernible] >> in the budget control act, it calls for over $1 trillion $1 trillion in cuts. >> the president opposed to propose of wedlock in a certain amount for entitlement programs. do democrats support that? >> first of all, we do democrats, saw savings in medicare of over $700 billion and affordable care act....
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Dec 6, 2012
12/12
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we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to see the republican party's numbers in the 20s. they have no leverage on this thing. >> not going to happen. megyn: we'll leave it at that. thank you both. just ahead. a much more somber note. new warning about the sarin gas threat in syria. city drivers claim a class action that the traffic cameras are actually rigged. soot whole world is watching and the president of the united states made clear there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people.
we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic...
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created to find a balance between republican and democratic plans to solve the debt crisis now that committee ended up as a less than super it ultimately didn't even approve its own report about simpson and bowles are keeping their plan alive or at least trying to by selling it as the last best hope for an ailing economy. now the first thing you need to know is that it is fair to ask whether this is truly a great compromise since the planet rests on the assumption that the bush tax cuts for those making more than two hundred fifty thousand dollars a year will end even though simpson bowles plan takes that as a given current republican legislators are less willing to immediately let that exploration take place in fact that happens to be issue number one for republicans who see letting the cuts expire as synonymous to raising tax rates. number two simpson bowles raises the gas tax by fifteen cents now this is self-explanatory but not widely known raising the gas tax could be seen as a big blow to those big oil companies but if i had to bet companies like exxon mobil which by the way m
created to find a balance between republican and democratic plans to solve the debt crisis now that committee ended up as a less than super it ultimately didn't even approve its own report about simpson and bowles are keeping their plan alive or at least trying to by selling it as the last best hope for an ailing economy. now the first thing you need to know is that it is fair to ask whether this is truly a great compromise since the planet rests on the assumption that the bush tax cuts for...
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Dec 2, 2012
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when barack obama went out and overreached. this idea he should set the debt limit. if i were a republican, i would say stop everything. we're going to fight. >> i think the rep -- republicans have a communication problem. when the president gets up, he talks about middle class family and the ohio. i get it. then the republicans say, economy, and the debt ceiling, and the debt. it's not personal with what obama is saying. even in that game he wins. >> i'm not sure the republicans have done a great job in terms of how they communicate and we saw that in the last election. but this president is not leading. we saw this in new jersey, where governor christie, and an $11 billion deficit. he had a fiscal cliff. he brought everybody in. he knew where the middle road was and -- >> he didn't fall off it. >> exactly. >> i'm joe smith. and i think that the dems want to raise taxes and the republicans want spending cuts, and as far as i'm concerned, i'd rather have the rich people pay taxes than me lose my entitlements. pat goodell can that work? >> people want at the rich to p
when barack obama went out and overreached. this idea he should set the debt limit. if i were a republican, i would say stop everything. we're going to fight. >> i think the rep -- republicans have a communication problem. when the president gets up, he talks about middle class family and the ohio. i get it. then the republicans say, economy, and the debt ceiling, and the debt. it's not personal with what obama is saying. even in that game he wins. >> i'm not sure the republicans...
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working towards john engler his possession to extend debt ceiling providers. that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that it wilbe a staggering figure. especially since we have a president who is inclined to spend like hell. i don't think there's any doubt about that. the president today is absolutely indulging in class warfare. >> i cannot ask folks who are middle-class seniors on medicare and young people who are trying to get student loans for college -- i can't ask them to sacrifice. and not ask anything of higher income folks. lou: what are your thoughts? >> i love the word ask her if is that this is a chervil contribution
working towards john engler his possession to extend debt ceiling providers. that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou:...
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Dec 5, 2012
12/12
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president obama warns republicans not to create another debt ceiling crisis as a tactic in the budget talks. >> that is a bad strategy for america, it's a bad strategy for your businesses, and it is not a game that i will play. >> the speaker says the president's opening bid couldn't even pass the democratic led senate. boehner is ready for a sit down with the president. >> we can't sit here and negotiate with ourselves and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. and a plan that can pass both chambers of congress. >> a rare senate appearance, by former majority leader bob dole wasn't enough to win over republican support for a treaty promising equal rights for people with disabilities. we'll talk with the leading sponsor john kerry about what he called one of the sadsest days of his long senate career. >> this vote is to test whether the senate will stand up for those who cannot see or hear and whether senators can hear the truth and see the facts. >> at nato today, secretary of state hillary clinton
president obama warns republicans not to create another debt ceiling crisis as a tactic in the budget talks. >> that is a bad strategy for america, it's a bad strategy for your businesses, and it is not a game that i will play. >> the speaker says the president's opening bid couldn't even pass the democratic led senate. boehner is ready for a sit down with the president. >> we can't sit here and negotiate with ourselves and if the president doesn't agree with our proposal and...
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Dec 4, 2012
12/12
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there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich, bringing in $1.6 trillion. republicans want to close tax loopholes and eliminate deductions, which they say will raise $800 billion in new revenue. >> the president has a huge responsibility to work together with congress and find a solution to avert the fiscal cliff. >> reporter: and they say it's now up to the president to find a plan that can pass both chambers of congress. so now that each side has rejected the other's first offer, it's going to be interesting and important to watch the timing of the next offer on the part of the white house to really try to figure out, terrell, how far both sides are willing to take us toward that cliff. >> and which side has the edge at this point. susan mcginnis in washington this morning. thank you so much. >>> iran says this morning it's captured a united states drone flying over iranian air space. the drone was reportedly gathering information over the persian gulf when it was captured by iranian naval units. in 2011, iran brought down a ci
there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich, bringing in $1.6 trillion. republicans want to close tax loopholes and eliminate deductions, which they say will raise $800 billion in new revenue. >> the president has a huge responsibility to work together with congress and find a solution to avert the fiscal cliff. >> reporter: and they say it's now up to the president to find a plan that can pass both chambers of...
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Dec 7, 2012
12/12
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WUSA
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obama's proposal to tax the wealth 2% and the debt ceiling, the $16.4 trillion debt ceiling is expected to hit its limit mid-february. democrats want to remove the limit therefore removing the threat of default. they say that would allow the government to pay off medicare benefits, military salaries and tax refunds. >> this is a solvable problem. the senate has already pass add bill that would make sure the middle class taxes do not go up next year by a single dime. just to be clear, i'm not going to sign any package -- >> reporter: meanwhile republican senator jim demint of south carolina announced his resignation yesterday. he is going to head a conservative think tank and many question his timing for leaving congress, right at the height of all these fiscal cliff talks but he believes he can do more work and more work heading up that conservative think tank. coming up at 6:00, we'll tell you what president obama had to tell that falls church family about the fiscal cliff and how it would affect them. we'll have that coming up in a half-hour. back to you, mike, andrea. >> thanks, deli
obama's proposal to tax the wealth 2% and the debt ceiling, the $16.4 trillion debt ceiling is expected to hit its limit mid-february. democrats want to remove the limit therefore removing the threat of default. they say that would allow the government to pay off medicare benefits, military salaries and tax refunds. >> this is a solvable problem. the senate has already pass add bill that would make sure the middle class taxes do not go up next year by a single dime. just to be clear, i'm...
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Dec 7, 2012
12/12
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interesting point that a lot of people didn't make that you see this is a political move by president obama to fracture the g.o.p. majority of the house, gain himself supreme power. >> well, that is because it's clear that the economic proposals, fiscal proposals won't do anything about debt. it's clear that his pretense that we are going to have to, that you can't get to the tax hikes he wants through rising, through raising the rates, without raising rates, he contradicts himself. he said exactly the opposite. so all of this is about the politics of it. he thinks he won the election. and now he can use the crisis over the fiscal cliff to force republicans to go against the position they have had for 20 years. like bush senior with read my lips. senly create a civil war among republicans. the fact that someone here said that the ball is in the president's court. he is holding the ball, not sevenning it. they haven't -- not sevenning it. they haven't offered anything. mcconnell laughed at the offer because it was so outrageous and he wants everything and republican offers nothing in the red
interesting point that a lot of people didn't make that you see this is a political move by president obama to fracture the g.o.p. majority of the house, gain himself supreme power. >> well, that is because it's clear that the economic proposals, fiscal proposals won't do anything about debt. it's clear that his pretense that we are going to have to, that you can't get to the tax hikes he wants through rising, through raising the rates, without raising rates, he contradicts himself. he...
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Dec 3, 2012
12/12
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and the debt dissolves to pay the way for the 2016 conservatives. take your chance and take medicine now. over the long run, better for >> kimberly: call his bluff. be strong at the negotiating table to make sure you can do what is best in interest of the country. these are tough time and you have to stand your ground. if you look at the recent polling, obama dropped three points. in polling with the gallup poll. people aren't happy with him anyway. >> eric: there is a counterproposal, around $800 billion in revenue through tax reform. they go through spending cuts. none of the spending cuts in obama's plan. are we so far apart we will go up or is there a meeting ground? 'canes is smart of the republicans. last week, geithner to the treasury secretary and laughed at. across the board, left and right commentators said i think president obama is overplaying the hand here. they have a plan to get him what he campaigned on and said he wanted. they called it smart. we had the simpson bowl plan. deficit reduction plan how to get it back on track. they are
and the debt dissolves to pay the way for the 2016 conservatives. take your chance and take medicine now. over the long run, better for >> kimberly: call his bluff. be strong at the negotiating table to make sure you can do what is best in interest of the country. these are tough time and you have to stand your ground. if you look at the recent polling, obama dropped three points. in polling with the gallup poll. people aren't happy with him anyway. >> eric: there is a...